Overview
What is Seattle Metropolitan Credit Union?
Seattle Metropolitan Credit Union, also known as SMCU, is a cooperative nonprofit organization that has been serving its members in the Seattle metropolitan area since 1933. The credit union has been advocating for its members by offering member-centric financial services and financial literacy education at low or no cost. Its mission is to promote thrift among its members, serve the underserved, and provide financial services with reasonable interest rates for provident, productive, and educational purposes. With a team of 242 employees, SMCU has been a reliable source of credit for its members in Washington state.
Official website here: www.seattlecu.com
Is Seattle Metropolitan Credit Union legitimate?
Seattle Metropolitan Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Seattle Metropolitan Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,688,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,103,798
For more financial information, click here
Official website here: www.seattlecu.com
What is the mission statement of Seattle Metropolitan Credit Union?
Seattle Metropolitan Credit Union was established with a mission to encourage savings among its members and serve the underserved in the metropolitan area. The credit union provides financial services and acts as a legitimate source of credit for its members for provident, productive, and educational purposes, all at reasonable interest rates. Since its inception in 1933, SMCU has been an advocate for its members, delivering member-centric financial services and financial literacy education at no extra cost.
Official website here: www.seattlecu.com
Who is the CEO of Seattle Metropolitan Credit Union?
Richard Romero is the CEO of Seattle Metropolitan Credit Union The CEO's salary of Seattle Metropolitan Credit Union is $776,656 and their total compensation is $998,557.
Official website here: www.seattlecu.com
What is the revenue of Seattle Metropolitan Credit Union?
Seattle Metropolitan Credit Union's revenue in 2023 was $57,735,407.
Official website here: www.seattlecu.com
Who are the executives of Seattle Metropolitan Credit Union and what are their salaries?
The average compensation at Seattle Metropolitan Credit Union during 2023 was $68,820. There are 244 employees and 13 volunteers at Seattle Metropolitan Credit Union.
Here are 27 key members and their salaries (Seattle Metropolitan Credit Union's CEO's salary is $776,656 and their total compensation is $998,557):
- Compensation: $776,656
- Related: $0
- Other: $221,901
- Compensation: $344,972
- Related: $0
- Other: $167,095
- Compensation: $352,738
- Related: $0
- Other: $156,718
- Compensation: $337,163
- Related: $0
- Other: $90,091
- Compensation: $301,760
- Related: $0
- Other: $34,030
- Compensation: $265,022
- Related: $0
- Other: $70,374
- Compensation: $292,000
- Related: $0
- Other: $11,792
- Compensation: $248,812
- Related: $0
- Other: $7,532
- Compensation: $187,539
- Related: $0
- Other: $37,376
- Compensation: $182,876
- Related: $0
- Other: $22,314
- Compensation: $169,626
- Related: $0
- Other: $21,476
- Compensation: $163,250
- Related: $0
- Other: $23,679
- Compensation: $162,082
- Related: $0
- Other: $13,424
- Compensation: $164,683
- Related: $0
- Other: $4,872
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.seattlecu.com
Where can I find the form 990 for Seattle Metropolitan Credit Union?
Seattle Metropolitan Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.seattlecu.com
Learn more at the official website: www.seattlecu.com
Mission Statement of Seattle Metropolitan Credit Union
Seattle Metropolitan Credit Union (SMCU), established in 1933, is a cooperative with a mission to encourage savings among its members and serve the underserved in the Seattle metropolitan area. By providing financial services and creating a source of credit for its members at reasonable rates, SMCU aims to support their provident, productive, and educational pursuits.
SMCU's commitment to its members extends beyond basic financial services. It has positioned itself as an advocate, offering member-centric financial solutions and financial literacy education at minimal or no cost. For over 89 years, SMCU has been dedicated to promoting thrift and saving amongst its community, fostering a culture of financial responsibility and stability.
In striving to meet the diverse needs of its members, SMCU has considered itself more than just a financial institution. It is a trusted partner, working diligently to ensure its members have access to the financial tools and resources they need to succeed in their personal and professional lives. SMCU's mission is not only about saving and borrowing, but also about empowering individuals to make informed financial decisions and improve their overall financial wellbeing.
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Impact
October, 2024
Seattle Metropolitan Credit Union (SMCU) plays a significant role in promoting financial well-being within the community. Established in 1933, SMCU is dedicated to fostering thrift and savings among its members, positioning itself as an advocate for their financial interests. By offering member-centric financial services complemented by financial literacy education at little to no cost, SMCU empowers individuals to make informed financial decisions.
Located in Seattle, Washington, SMCU is focused on serving the underserved populations within the metropolitan area, ensuring that access to fair and legitimate credit sources is available for provident, productive, and educational purposes. This commitment not only enhances individual financial stability but also contributes to the overall economic health of the community. Through its initiatives, SMCU creates opportunities for growth and security, reinforcing the importance of financial inclusion and education in fostering a thriving society.
This information is meant to be a general summary of Seattle Metropolitan Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,347,916
- Program Service Revenue: $53,929,795
- Gross Receipts: $57,735,407
Assets and Liabilities:
- Total Assets: $1,075,826,706
- Total Liabilities: $1,005,027,752
- Net Assets: $70,798,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$43,460,555
INTERCHANGE INCOME
Revenue
$4,523,844
FEES AND CHARGES
Revenue
$3,849,199
OTHER REVENUE
Revenue
$1,994,453
NET GAIN ON LOANS
Revenue
$101,744
Organization Details
Founding Year
1933
Principal Officer
Forest Hayes
Website
www.seattlecu.comNTEE Category
Code: W60 - Public benefit
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